MLRO, Permanent, Isle of Man

Job Description

A leading international provider of insurance-based wealth solutions are recruiting for a Money Laundering Reporting Officer (MLRO). The role holder will be responsible for assessing, setting and documenting the risk-based approach to the management and control of financial crime risks across all group businesses and communicating this to key business stakeholders. The successful applicant will act as the designated MLRO for the Isle of Man regulated entities.

The Role...
Your core duties will cover:
Ultimate responsibility for the receipt and review of internal disclosures, making external disclosures and liaison with relevant competent authorities
Provide support and assistance to the Chief Risk Officer and Head of Compliance as required and ensure the provision of effective 2nd line guidance
Responsible for designing appropriate financial crime frameworks which are compliant with relevant Group Policies
Primary liaison point for matters relating to enquiries by law enforcement and other authorities into policyholder affairs
Responsible for assessing anti-bribery and corruption, sanctions, money laundering fraud risks, setting appetite and monitoring threats and intelligence.
Manage a team of up to five staff

About You...
This role will be subject to regulatory approval, as you will be required to hold MLRO positions
Formal qualification in Compliance and/or Financial Crime
Experience in a 2LOD financial crime role within the finance sector having previously held an MLRO role in a regulated entity.
Good technical knowledge of Compliance, Regulatory, and Legislative requirements, predominantly from Isle of Man, UK, EU & Singapore perspectives
Experience in defining and delivering MI and reporting

The Reward...
Competitive salary
Comprehensive benefits, including private healthcare, life cover, pension contributions